NASDAQ:WB drawing a double bottom figure.
Looks like and this is my prediction, that it will start 2-years growing tour from 18 to 89.
Potential is very high, but looking at the turning trend for the most of Chineese huge companies, I assume, Weibo Corp will hold this trend and stay closest to it.
NASDAQ:WB ::17.75->51::+187%::1year (Mar-Apr 2024)
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Please take a look of this paper. I think there is a massive pullback market will happen with weibo. 5 years ago it was 140 dollar one stock. now is 1/10. so .... what is the plan? you like it? please take a like button if you liked the new idea.
Looking at the WB Weibo Corporation options chain, i would buy the $22.50 strike price Calls with
2022-10-21 expiration date for about
$1.15 premium.
Looking forward to read your opinion about it.
Interesting investment idea. The paper is in a down-trend, but it came to the listing price and looks very nice according to the indicators. In terms of risk-profit it is very attractive.
WEIBO stock price has happen to re bounce at around demand zone AND Long Term trend line at around 43.30 as previous idea. Properly found strong buyers?
The leading social media in China, Weibo (NASDAQ: WB), released its unaudited financial results for the third quarter of 2021.
According to the Q3 performance report for 2021:
- The revenue totaled USD 607 million (CNY 3,882 million), increasing 30% year-on-year. As of September 30, 2021, the total cash, cash equivalents and short-term investments amounted to...
WEIBO have potential to grow its stock price above > 270% for targeting profit toward wave (3)(Cyan/Light Blue) at around 160.. WEIBO Price could done its retracement at around 43.20 which is 1) The Parallel Channel Lower Line Support 2)Next Major Demand Zone 3) The End Of Expanding Flat Pattern ABC (Yellow)...
New Target : USD 64.70 - 73.00
Resistance 2 : USD 58.32
Resistance 1 : USD 54.60
Support 1 : USD 46.23
Support 2 : USD 44.00
Sector: Technology Services
Industry: Internet Software/Services
Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other...
what do you think ?
read article here
It depends on whose side you are standing for . If you are the operators with millions of followers, much like the tech companies, you wouldn't be happy but little you can do as this is a country wide sweep on tightening the loose ends that has been running on for years.
From the followers perspective, it can be either...
The bubble is bursting. Weibo management denied the news of the company going private.
$WB stock should be on the $54-$56 range again within hours, a couple of days at max.
